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Five ways to strengthen your company's core

Your business needs to develop capable management if it wants to grow. Here’s how to do that.

Draft Your Senior Team

Insist that your top leaders get actively involved in developing middle managers—and not just delegate the job to others. At Kemp Technologies, a Manhattan-based firm with $30 million in revenue in 2014, each of the six members of the executive team mentors a few up-and-coming managers for one hour a month. Cultivating this talent pipeline keeps Kemp attractive to potential acquirers. “What they tend to look at is the second layer of leadership,” says CEO Ray Downes.